iShares U.S. Utilities ETF (NYSEARCA:IDU) Sets New 1-Year Low – What’s Next?

by · The Markets Daily

iShares U.S. Utilities ETF (NYSEARCA:IDU – Get Free Report)’s share price reached a new 52-week low on Monday. The stock traded as low as $100.13 and last traded at $100.2540, with a volume of 123484 shares changing hands. The stock had previously closed at $101.17.

iShares U.S. Utilities ETF Stock Down 0.6%

The business has a 50-day simple moving average of $109.87 and a 200-day simple moving average of $113.07. The company has a market cap of $1.31 billion, a PE ratio of 21.72 and a beta of 0.57.

Institutional Investors Weigh In On iShares U.S. Utilities ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Western Wealth Management LLC acquired a new position in iShares U.S. Utilities ETF in the 1st quarter valued at about $38,000. Matrix Private Capital Group LLC acquired a new stake in shares of iShares U.S. Utilities ETF during the first quarter worth about $46,000. Trust Co. of Vermont acquired a new stake in iShares U.S. Utilities ETF during the 2nd quarter worth approximately $69,000. Assetmark Inc. boosted its position in iShares U.S. Utilities ETF by 66.9% in the 1st quarter. Assetmark Inc. now owns 651 shares of the company’s stock valued at $76,000 after buying an additional 261 shares during the period. Finally, SHP Wealth Management purchased a new position in iShares U.S. Utilities ETF in the 4th quarter valued at approximately $76,000.

About iShares U.S. Utilities ETF

(Get Free Report)

iShares U.S. Utilities ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Utilities Index (the Underlying Index). The Underlying Index measures the performance of the utilities sector of the United States equity market. Its components primarily include utilities companies. BlackRock Fund Advisors acts as an investment adviser of the Fund.

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